Market Overview:
The global earned value management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and on-premises earned value management software across different industries such as BFSI, government, IT and telecom, real estate, and others. North America is expected to hold the largest share of the global earned value management software market in 2018 followed by Europe. Asia Pacific is projected to be the fastest growing region during the forecast period owing to rising adoption of cloud-based solutions in this region.
Product Definition:
Earned Value Management Software is a tool used to help manage and track project progress and performance. It allows users to compare budgeted amounts against actual costs and earned value, helping them to identify issues and risks early on in the project. This can help projects stay on track and within budget.
Cloud-Based:
Cloud-based solutions are gaining popularity in the global EVM software market. Cloud computing is a model of delivering services wherein, instead of providing physical hardware resources, providers offer software and related services that allow customers to utilize the available hardware resources on demand. The concept has been evolving over the past few years due to increased adoption by enterprises and growing awareness among consumers regarding cost benefits associated with cloud-based solutions.
On-Premises:
On-premises is a term used for software and hardware systems installed in the organization's data center. The on-premises software system is usually termed as an internal cloud or private cloud. It can also be termed as a hosted service that uses dedicated hardware components to provide computing services to multiple users within an organization or across multiple organizations. On-premise solutions are accessed through the organization's firewall? allowing access only for authorized users with their credentials.
Application Insights:
The construction segment accounted for the largest revenue share in 2016 and is expected to witness significant growth over the forecast period. The application of EVMS in this industry enables tracking, controlling, and reporting of project activities from inception to completion. It also helps improve communication between departments by providing a unified platform for project management across different sites or offices. Furthermore, it provides real-time information on the expenditure incurred during a specific time period which aids in preventing frauds or embezzlement at various stages of projects thereby driving its adoption across this sector as well.
The banking, financial services & insurance (BFSI) sector is anticipated to emerge as one of the fastest-growing segments over the forecast period owing to increasing government regulations pertaining to Earned Value Analysis (EVA) methodologies within this industry for managing projects effectively with limited financial exposure during planning and implementation phases.
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing government spending on infrastructure development, rising adoption of cloud computing technologies, and growing emphasis on cost-cutting initiatives by various organizations.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing demand from various end users such as government organizations, BFSI companies, IT & telecom firms for improving their financial performance. In addition, a large number of vendors are focusing on developing new products that meet customer needs in this region thereby driving industry expansion. ‰vitamins Retail Inc., India; ATCO Gas Services Ltd., Canada; Syspro Limited.; UBS AG Switzerland; United Utilities plc.
Moreover it has been observed that countries such as China.
Growth Factors:
- Increasing demand for project and portfolio management (PPM) software to optimize resource utilization and improve project outcomes
- The growing popularity of agile methodology, which favors early and continuous delivery of value, is driving the demand for EVM software
- Rapid digitization across industries is resulting in an increase in the number of projects, thereby fueling the growth of the EVM market
- Rising awareness about the benefits of EVM among organizations is propelling its adoption
- The increasing need to comply with regulatory requirements is also contributing to the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Earned Value Management Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
BFSI, Government, IT and Telecom, Real Estate, Other
By Companies
Microsoft, 4castplus, Hexagon PPM, Tempo Software, ARES Project Management, Aurea Software, Integrated Management Concepts (IMC), Deltek, Earned Value App, Encore Analytics, ProjStream, forProject Technology, Megowork, Oracle, QuantumPM, NRT Business Solutions, Safran Software Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Earned Value Management Software Market Report Segments:
The global Earned Value Management Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government, IT and Telecom, Real Estate, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- 4castplus
- Hexagon PPM
- Tempo Software
- ARES Project Management
- Aurea Software
- Integrated Management Concepts (IMC)
- Deltek
- Earned Value App
- Encore Analytics
- ProjStream
- forProject Technology
- Megowork
- Oracle
- QuantumPM
- NRT Business Solutions
- Safran Software Solutions
Highlights of The Earned Value Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- BFSI
- Government
- IT and Telecom
- Real Estate
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Earned Value Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Earned Value Management software is a computer program that helps organizations track and manage the progress of projects by estimating the cost and schedule of work to completion.
Some of the major companies in the earned value management software market are Microsoft, 4castplus, Hexagon PPM, Tempo Software, ARES Project Management, Aurea Software, Integrated Management Concepts (IMC), Deltek, Earned Value App, Encore Analytics, ProjStream, forProject Technology, Megowork, Oracle, QuantumPM, NRT Business Solutions, Safran Software Solutions.
The earned value management software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Earned Value Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Earned Value Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Earned Value Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Earned Value Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Earned Value Management Software Market Size & Forecast, 2018-2028
4.5.1 Earned Value Management Software Market Size and Y-o-Y Growth
4.5.2 Earned Value Management Software Market Absolute $ Opportunity
Chapter 5 Global Earned Value Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Earned Value Management Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Earned Value Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Earned Value Management Software Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government
6.2.3 IT and Telecom
6.2.4 Real Estate
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Earned Value Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Earned Value Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Earned Value Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Earned Value Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Earned Value Management Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Earned Value Management Software Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government
9.10.3 IT and Telecom
9.10.4 Real Estate
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Earned Value Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Earned Value Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Earned Value Management Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Earned Value Management Software Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government
10.10.3 IT and Telecom
10.10.4 Real Estate
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Earned Value Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Earned Value Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Earned Value Management Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Earned Value Management Software Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government
11.10.3 IT and Telecom
11.10.4 Real Estate
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Earned Value Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Earned Value Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Earned Value Management Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Earned Value Management Software Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government
12.10.3 IT and Telecom
12.10.4 Real Estate
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Earned Value Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Earned Value Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Earned Value Management Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Earned Value Management Software Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government
13.10.3 IT and Telecom
13.10.4 Real Estate
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Earned Value Management Software Market: Competitive Dashboard
14.2 Global Earned Value Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 4castplus
14.3.3 Hexagon PPM
14.3.4 Tempo Software
14.3.5 ARES Project Management
14.3.6 Aurea Software
14.3.7 Integrated Management Concepts (IMC)
14.3.8 Deltek
14.3.9 Earned Value App
14.3.10 Encore Analytics
14.3.11 ProjStream
14.3.12 forProject Technology
14.3.13 Megowork
14.3.14 Oracle
14.3.15 QuantumPM
14.3.16 NRT Business Solutions
14.3.17 Safran Software Solutions
